Note 5. Fair Value Disclosures: Fair Value Measurements, Recurring and Nonrecurring (Tables)

6 Months Ended

Jun. 30, 2015

Tables/Schedules

Fair Value Measurements, Recurring and Nonrecurring

		June 30, 2015
		Level 1		Level 2		Level 3		Total
FINANCIAL ASSETS:
Fixed maturities available-for-sale:
Corporate securities	$	-	$	163,353	$	-	$	163,353
CMOs - residential		-		3,370		-		3,370
CMOs - commercial		-		-		1,233		1,233
US Government obligations		-		222,158		-		222,158
Agency MBS - residential		-		52		-		52
GSEs		-		12,040		-		12,040
States and political subdivisions		-		197,714		2,248		199,962
Foreign government obligations		-		1,856		-		1,856
Redeemable preferred stocks		4,232		-		-		4,232
Total fixed maturities		4,232		600,543		3,481		608,256
Equity securities available-for-sale:
Common stocks		4,891		-		-		4,891
Nonredeemable preferred stocks		4,160		-		-		4,160
Total equity securities		9,051		-		-		9,051
Trading securities - equities		9,242		-		-		9,242
Total trading securities		9,242		-		-		9,242
Total Financial Assets	$	22,525	$	600,543	$	3,481	$	626,549
FINANCIAL LIABILITIES:
Interest rate swap	$	-	$	55	$	-	$	55

		December 31, 2014
		Level 1		Level 2		Level 3		Total
FINANCIAL ASSETS:
Fixed maturities available-for-sale:
Corporate securities	$	-	$	261,924	$	-	$	261,924
CMOs – residential		-		5,106		-		5,106
CMOs – commercial		-		-		953		953
US Government obligations		-		22,892		-		22,892
Agency MBS - residential		-		69		-		69
GSEs		-		14,656		-		14,656
States and political subdivisions		-		237,067		2,314		239,381
Foreign government		-		34,700		-		34,700
Redeemable preferred stocks		4,199		-		-		4,199
Total fixed maturities		4,199		576,414		3,267		583,880
Equity securities available-for-sale:
Common stocks		9,757		-		-		9,757
Nonredeemable preferred stocks		4,138		-		-		4,138
Total equity securities		13,895		-		-		13,895
Trading securities - equities		11,095		-		-		11,095
Total trading securities		11,095		-		-		11,095
Total Financial Assets	$	29,189	$	576,414	$	3,267	$	608,870
FINANCIAL LIABILITIES:
Interest rate swap	$	-	$	83	$	-	$	83